P/E ratio for Lux Industries (LUXIND.NS)
P/E ratio as of May 2024 (TTM): 41.4
According to Lux Industries's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 41.4487. At the end of 2022 the company had a P/E ratio of 26.8.
P/E ratio history for Lux Industries from 2015 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 26.8 | -13.79% |
| 2021 | 31.0 | 54.51% |
| 2020 | 20.1 | -19.89% |
| 2019 | 25.1 | -33.19% |
| 2018 | 37.5 | -34.06% |
| 2017 | 56.9 | 71.12% |
| 2016 | 33.3 | 5.79% |
| 2015 | 31.5 |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.